74-99b67. Project funding; limitations. (a) Project funding in the bioscience research and development voucher program shall have the following limitations:
(1) At least 51% of any voucher award funds from the bioscience research and development fund shall be expended with the bioscience research institution under contract and shall not exceed 50% of the cost of the research;
(2) the maximum amount of voucher funds awarded to a qualified company shall not exceed $1,000,000, each year for two years, equal to a maximum of $2,000,000 and shall be up to and not exceed 50% cost of the research; and
(3) at a minimum, the qualified company shall match the project award by a one-to-one dollar ratio for each year of the project. The authority has sole discretion to authorize an in-kind contribution in lieu of part of the industry match if the authority determines that the financial limitations of the qualified company warrant this authorization.
History: L. 2004, ch. 112, § 40; July 1.
Structure Kansas Statutes
Chapter 74 - State Boards, Commissions And Authorities
Article 99b - Bioscience Authority
74-99b05 Executive committee established; duties.
74-99b06 Records of the board; public records; exemptions from open records act.
74-99b09 Bioscience authority, powers and duties; review by secretary of commerce.
74-99b12 Exemptions from taxation.
74-99b13 Application of Kansas tort claims act.
74-99b14 Preemptive authority of act.
74-99b15 Actions requiring prior legislative approval.
74-99b16 Definitions; statutory provision exceptions; procurement contracts, procedures.
74-99b17 Affiliation with KPERS; adoption of retirement plan, death, disability benefits.
74-99b18 Companies receiving authority financing; repayment required, when.
74-99b19 Exemption from statutory provisions.
74-99b35 Income tax credit and sales tax exemption cost effectiveness; annual report to legislature.
74-99b43 Financing bioscience development projects; issuing special obligation bonds.
74-99b44 Bioscience development bond fund; distributions.
74-99b45 Same; ad valorem taxes paid into fund.
74-99b53 Net operating loss reimbursement program.
74-99b65 Bioscience research and development voucher program; establishment; purpose.
74-99b66 Qualified companies; application review; criteria.
74-99b67 Project funding; limitations.
74-99b68 Bioscience research and development voucher — federal fund; established; disbursement.
74-99b84 Bioscience research matching fund established; eligibility; purpose.
74-99b85 Same; application procedure; spending limitation.
74-99b86 Same; use of funds; multi-year grants.
74-99b87 Same; criteria for use of funds.